header-logo header-logo

03 August 2012 / Robert Kay
Issue: 7525 / Categories: Opinion , Health & safety , Insurance / reinsurance
printer mail-detail

An Olympic risk

Robert Kay crunches the numbers involved in securing & insuring the London 2012 Olympic Games

With the London 2012 Olympic Games in full swing, it is worth remembering the myriad issues—and risks—the International Olympic Committee (IOC) has faced in insuring an event that is “the biggest security challenge this country has faced for decades”. A glance at the magnitude of the Games reveals some of the challenges.

London 2012 in numbers

Construction of the London Olympic Park required the demolition of more than 200 buildings, renewal of 1.4 million square metres of site, addition of 200 kilometres of electrical cables and construction of 30 bridges. In addition 4,000 trees, 74,000 plants, 60,000 bulbs and 350,000 wetland plants have been planted (and 2,000 newts relocated to a nature reserve).

In total, there are 50 sites, hosting 14,700 athletes from 205 countries competing across 26 sports in 34 venues. Moreover, roughly 500,000 spectators, 20,000 media and broadcasters, and a worldwide television audience of about five billion (with £5bn being the estimated advertising revenue) are

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

NLJ Career Profile: Nikki Bowker, Devonshires

NLJ Career Profile: Nikki Bowker, Devonshires

Nikki Bowker, head of litigation and dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on

Ellisons—Sarah Osborne

Ellisons—Sarah Osborne

Leasehold enfranchisement specialist joins residential property team

DWF—Chris Air

DWF—Chris Air

Firm strengthens commercial team in Manchester with partner appointment

NEWS
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
back-to-top-scroll